United Fire Group (NASDAQ:UFCS) Rating Increased to Buy at ValuEngine

United Fire Group (NASDAQ:UFCS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday, ValuEngine reports.

A number of other brokerages have also recently commented on UFCS. BidaskClub cut United Fire Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. TheStreet cut United Fire Group from a “b-” rating to a “c+” rating in a research note on Wednesday, August 28th.

Shares of UFCS traded down $0.14 during trading hours on Wednesday, reaching $44.71. The stock had a trading volume of 42,400 shares, compared to its average volume of 67,942. United Fire Group has a 12 month low of $40.86 and a 12 month high of $56.21. The stock has a market capitalization of $1.19 billion, a PE ratio of 2,353.00 and a beta of -0.13. The company’s 50-day moving average is $45.96 and its two-hundred day moving average is $46.84.

United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.12). United Fire Group had a net margin of 1.91% and a return on equity of 0.11%. The firm had revenue of $298.06 million during the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in United Fire Group by 1.7% during the 2nd quarter. BlackRock Inc. now owns 3,132,506 shares of the insurance provider’s stock worth $151,801,000 after purchasing an additional 52,837 shares during the last quarter. Earnest Partners LLC raised its position in United Fire Group by 1.0% during the 2nd quarter. Earnest Partners LLC now owns 1,458,081 shares of the insurance provider’s stock worth $70,659,000 after purchasing an additional 14,617 shares during the last quarter. Northern Trust Corp raised its position in United Fire Group by 1.1% during the 2nd quarter. Northern Trust Corp now owns 597,211 shares of the insurance provider’s stock worth $28,942,000 after purchasing an additional 6,397 shares during the last quarter. Systematic Financial Management LP raised its position in United Fire Group by 2.4% during the 3rd quarter. Systematic Financial Management LP now owns 503,733 shares of the insurance provider’s stock worth $23,665,000 after purchasing an additional 11,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in United Fire Group by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 170,475 shares of the insurance provider’s stock worth $8,262,000 after purchasing an additional 1,756 shares during the last quarter. Institutional investors own 61.21% of the company’s stock.

United Fire Group Company Profile

United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.

Read More: What is the Producer Price Index (PPI)?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for United Fire Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Fire Group and related companies with MarketBeat.com's FREE daily email newsletter.